Rhode Island Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9142
• Format: Word; Rich Text

Description

Series 204 Trust Agr. btwn Van Kampen Foods, Inc., American Portfolio Evaluation Serv., Van Kampen Investment Advisory Corp., and The Bank of New York dated Jan. 6, 2000. 5 pages Rhode Island Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York is a legally binding document that outlines the terms and conditions of a trust agreement between the parties involved. This agreement establishes a framework for managing and distributing assets, ensuring compliance with the laws of Rhode Island. In this specific agreement, Van Kampen Foods, Inc. acts as the granter, while American Portfolio Evaluation Services and Van Kampen Investment Advisory Corp. serve as trustees, and The Bank of New York acts as the custodian of the trust assets. The agreement details the roles and responsibilities of each party and outlines the procedures for investment management and asset administration. The Rhode Island Trust Agreement is designed to protect and preserve the assets held within the trust for the benefit of the beneficiaries. The agreement establishes the terms of the trust, such as the purpose of the trust, the duration, and the conditions for termination. It also outlines the powers and limitations of the trustees in managing and investing the trust assets. There may be different types of Rhode Island Trust Agreements that can be established between these parties based on their specific needs and objectives. Some common types include revocable living trusts, irrevocable trusts, charitable trusts, and special needs trusts. Each type of trust serves a different purpose and offers unique benefits. Revocable living trusts provide flexibility and control to the granter during their lifetime. They can be altered or revoked at any time, allowing for changes in beneficiaries or terms. Irrevocable trusts, on the other hand, cannot be modified or terminated without the consent of the beneficiaries, providing more asset protection and potential tax benefits. Charitable trusts are established to benefit charitable organizations or causes, providing potential tax benefits to the granter. Special needs trusts provide for the care and support of individuals with disabilities, ensuring that their needs are met while preserving their eligibility for government assistance programs. Regardless of the specific type of Rhode Island Trust Agreement, it is crucial for all parties involved to carefully review and understand the terms and conditions before entering into the agreement. Seeking legal advice from professionals specializing in trust and estate planning is highly recommended ensuring compliance with Rhode Island laws and to achieve the intended objectives of the trust.

Rhode Island Trust Agreement between Van Kampen Foods, Inc., American Portfolio Evaluation Services, Van Kampen Investment Advisory Corp., and The Bank of New York is a legally binding document that outlines the terms and conditions of a trust agreement between the parties involved. This agreement establishes a framework for managing and distributing assets, ensuring compliance with the laws of Rhode Island. In this specific agreement, Van Kampen Foods, Inc. acts as the granter, while American Portfolio Evaluation Services and Van Kampen Investment Advisory Corp. serve as trustees, and The Bank of New York acts as the custodian of the trust assets. The agreement details the roles and responsibilities of each party and outlines the procedures for investment management and asset administration. The Rhode Island Trust Agreement is designed to protect and preserve the assets held within the trust for the benefit of the beneficiaries. The agreement establishes the terms of the trust, such as the purpose of the trust, the duration, and the conditions for termination. It also outlines the powers and limitations of the trustees in managing and investing the trust assets. There may be different types of Rhode Island Trust Agreements that can be established between these parties based on their specific needs and objectives. Some common types include revocable living trusts, irrevocable trusts, charitable trusts, and special needs trusts. Each type of trust serves a different purpose and offers unique benefits. Revocable living trusts provide flexibility and control to the granter during their lifetime. They can be altered or revoked at any time, allowing for changes in beneficiaries or terms. Irrevocable trusts, on the other hand, cannot be modified or terminated without the consent of the beneficiaries, providing more asset protection and potential tax benefits. Charitable trusts are established to benefit charitable organizations or causes, providing potential tax benefits to the granter. Special needs trusts provide for the care and support of individuals with disabilities, ensuring that their needs are met while preserving their eligibility for government assistance programs. Regardless of the specific type of Rhode Island Trust Agreement, it is crucial for all parties involved to carefully review and understand the terms and conditions before entering into the agreement. Seeking legal advice from professionals specializing in trust and estate planning is highly recommended ensuring compliance with Rhode Island laws and to achieve the intended objectives of the trust.